Cim Investment Mangement Boosted By $1.31 Million Its Starbucks (SBUX) Holding, Sonic Automotive Has 1.17 Sentiment

June 19, 2017 - By Peter Erickson

Sonic Automotive, Inc. is an automotive retailer in the United States. The company has market cap of $772.39 million. The Company’s operating divisions include Franchised Dealerships and EchoPark. It has a 10.61 P/E ratio. The Company’s Franchised Dealerships segment consists of retail automotive franchises that sell new vehicles and buy and sell used vehicles, sell replacement parts, perform vehicle repair and maintenance services, and arrange finance and insurance products.

Cim Investment Mangement Inc increased Starbucks (SBUX) stake by 194.99% reported in 2016Q4 SEC filing. Cim Investment Mangement Inc acquired 23,843 shares as Starbucks (SBUX)’s stock rose 6.99%. The Cim Investment Mangement Inc holds 36,071 shares with $2.00 million value, up from 12,228 last quarter. Starbucks now has $88.07 billion valuation. The stock rose 1.05% or $0.63 reaching $60.77 per share. About 2.86M shares traded. Starbucks Corporation (NASDAQ:SBUX) has risen 12.48% since June 19, 2016 and is uptrending. It has underperformed by 4.22% the S&P500.

Investors sentiment increased to 1.14 in Q4 2016. Its up 0.08, from 1.06 in 2016Q3. It increased, as 59 investors sold SBUX shares while 450 reduced holdings. 127 funds opened positions while 452 raised stakes. 970.72 million shares or 1.73% more from 954.23 million shares in 2016Q3 were reported. Hap Trading Lc reported 0.05% of its portfolio in Starbucks Corporation (NASDAQ:SBUX). Nippon Life Insur Comm, Japan-based fund reported 73,647 shares. Denver Investment Advisors Ltd Company, Colorado-based fund reported 33,432 shares. Moreover, Martin Currie Ltd has 0.04% invested in Starbucks Corporation (NASDAQ:SBUX) for 7,200 shares. American National Ins Company Tx stated it has 0.36% in Starbucks Corporation (NASDAQ:SBUX). Welch & Forbes Ltd Liability Corp holds 0.23% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 136,334 shares. Trexquant Invest Limited Partnership owns 30,300 shares. Capstone Asset Mngmt has invested 0.44% in Starbucks Corporation (NASDAQ:SBUX). The Massachusetts-based Adage Ptnrs Gru Limited Liability Com has invested 0.32% in Starbucks Corporation (NASDAQ:SBUX). Two Creeks Mgmt Limited Partnership reported 2.48M shares stake. Virginia-based Lowe Brockenbrough has invested 0.34% in Starbucks Corporation (NASDAQ:SBUX). Moreover, Private Asset Mgmt has 1.2% invested in Starbucks Corporation (NASDAQ:SBUX) for 129,877 shares. Valley Advisers owns 2,025 shares. Emerald Advisers Pa has invested 0.02% in Starbucks Corporation (NASDAQ:SBUX). Sonata holds 1.08% of its portfolio in Starbucks Corporation (NASDAQ:SBUX) for 25,047 shares.

Among 20 analysts covering Starbucks Corporation (NASDAQ:SBUX), 13 have Buy rating, 0 Sell and 7 Hold. Therefore 65% are positive. Starbucks Corporation had 32 analyst reports since July 28, 2015 according to SRatingsIntel. The firm earned “Buy” rating on Monday, May 15 by Deutsche Bank. UBS maintained it with “Buy” rating and $70 target in Friday, October 30 report. The rating was maintained by Deutsche Bank on Wednesday, November 2 with “Hold”. The stock of Starbucks Corporation (NASDAQ:SBUX) has “Buy” rating given on Friday, July 22 by Goldman Sachs. The firm earned “Buy” rating on Friday, July 24 by UBS. As per Wednesday, September 28, the company rating was maintained by CLSA. On Thursday, September 3 the stock rating was downgraded by Vetr to “Buy”. The rating was initiated by Longbow on Wednesday, September 21 with “Buy”. The firm earned “Outperform” rating on Wednesday, October 19 by RBC Capital Markets. The rating was initiated by Buckingham Research with “Neutral” on Monday, November 21.

Since January 31, 2017, it had 0 insider purchases, and 6 sales for $16.35 million activity. $6.83 million worth of Starbucks Corporation (NASDAQ:SBUX) was sold by BURROWS CLIFFORD on Thursday, May 18. 10,000 shares were sold by ULLMAN MYRON E III, worth $633,700 on Wednesday, May 31. Ramo Joshua Cooper had sold 5,868 shares worth $324,114. The insider BRADLEY WILLIAM W sold 113,346 shares worth $6.15 million.

Since January 1, 0001, it had 3 insider buys, and 0 selling transactions for $2.47 million activity.

About 158,975 shares traded. Sonic Automotive Inc (SAH) has risen 13.17% since June 19, 2016 and is uptrending. It has underperformed by 3.53% the S&P500.

Ratings analysis reveals 0 of Sonic Automotive’s analysts are positive. Out of 2 Wall Street analysts rating Sonic Automotive, 0 give it “Buy”, 0 “Sell” rating, while 2 recommend “Hold”. SAH was included in 2 notes of analysts from January 10, 2017. CL King downgraded Sonic Automotive Inc (NYSE:SAH) on Tuesday, January 10 to “Neutral” rating. Bank of America downgraded the stock to “Neutral” rating in Thursday, February 23 report.

Towle & Co holds 2.71% of its portfolio in Sonic Automotive Inc for 883,270 shares. Proxima Capital Management Llc owns 162,900 shares or 1.87% of their US portfolio. Moreover, Irving Magee Investment Management has 1.79% invested in the company for 201,639 shares. The California-based Lombardia Capital Partners Llc has invested 1.42% in the stock. Pacific Global Investment Management Co, a California-based fund reported 301,195 shares.

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